The sun. [volume] (New York [N.Y.]) 1833-1916, 1887-10-23
THEPRESENT BRITISHCRISIS.
All MlSUSAoTURINe LNDUsrRIrs DE-
PRkS8BD.

LILY AbLoAINl phtA AOh SAeAblbs
All MANUFACTURING xNDUsTRIEs DE-
PRkssBn.
Trade nsA-Ceai grcu, Textile Fesrtes-Im.
perts esd Expects - sh,pptnx Business
1eA-Ne Prese rer Manufacturers.
LONDON Oct. 1s.-It would seem as IL, con-
sidering its great Importance, such subject as
the present condition Of English manufactur-
Ing industry and trade presents. and the con-
seduent efforts made by all. from Parliament
downward. to eluoidate conclusive facts. tho
matter would have been completely threshed
out By this time. such is not. however. the case.
II you listen to Mr. Robert Ginen. tho Assistant
Secretary Of the Board OF Trade head Of Ito
commercial department and one Of the most
eminent mon OF this country. there has been
no diminution in the rate OF British industrial
and commercial progress and Mr.. Giifen backs
his opinion with inoontrovertible statistics. II
you personally Interview traders and manu-
facturers, and travel through tile country coll
lsctinS the views OF smaller but not less inter-
ested merchants and workers. you hear an
other story, supported By equally authentic
testimony. Tho fact ID that neither
the optimists nor the pessimists are
quite right, but only partly 50; and II
the trade and industry Of Great Britain
arc still generally In the load In their race
AGAINST the world. some Of their branches be-
tho pace 10 set
Forty yesrs ago England. carried away by
Cobdon. whose eloquent accents are only Just
dying OF among not few groans. too con-
adently expected tho impossible from his
doctrines. The great Manchester economist
wasa friend OF the buyer; he wanted him
to purchase chcaply: but the buyer could not
live without the seller and both have in
terests that are not Identical. Golden had
calculated that other nations. after mo-
mont Of dignined anger, would finally initiate
England. He had such o command OF lam
guage that he succeeded In making the vendors
themselves share his expectations However,
these fresh converts were not long before pro-
claiming him Q false prophet. since most Of
the other nations. and. moro bitter still. most
OF tho English colonies. persistently declined to
make good his predictions Golden had COM
mitted another error. strange In man general
~ very well informed, In relying too much upon
what he conceived to DO the vast superiority OF
bis oountrymen In matters commercial.
financial. and industrial. forgetting that they
had learned banking from tho Lombards, and
after having been coached In the most impor-
tant hsndicrafts BY Flemish and Walloon arti-
sans in msdinval times. had been taught most
OF tnelr more moaern soa"i.omenn ~ s.enen
Hugusnots and German colontsts This. Of
course. IN said In no disparaging spirit, but
uss,SI, - Min, ant that Cohdsn vss n,istaksn
merely 70 point Out tnst Ooooen was mistaken
when believing that other countries would
AV NJ" rns,ssh .rt,s.n :. nv Sonh. aand
Ine InHisn slssn !. NJ oouot = kooo
has also ohsraateristics Of another kind. He IL
esnsrsily strona vorks very steadily and
ably when he works; but he has q strong
=" s..a.a.,.s ~ ~. 80. ~ 80 ~
u ove,conses vstso ~ nS VS. snu. .oo no-
Quently. deficient In technical education a.
well a. in sobriety,
W.. ,hs," A. ~ dorh. a. IN IN. danr..s,,, =,
NOW tnoto ID no oouos - 70 INC uepreSsiou oA
Trade in this country. though there may be
., e,o.,s.e.s. rh," na.a. .s 80 ..
ela voIume Oh our usue In In, s0iy prosperl.y
nroduetion. which "a followed by a shrinkses
~ thu vain. o Of the Articles nroduced and hv a
diminution Of profit in their sale. An expanding
,.N1 - ~, ~ -. 80 49," .'N...- ~"